But in the mean time you're CRUSHING 9M individual Americans overseas with
#GILTI
#FATCA
#CBT
& unbearable compliance to the point of #citizide.
But hey, what do American people matter anyway.
#TaxReform #wepaywherewelive #ProudAmerican #Humanrights
#TTFI #RBT
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1/ This argument is silly. The cash wasn't stored in boxes sitting in warehouses outside Dublin. It was deposited in Foreign banks earning interest. If companies had investment opportunities here in the US, they have recourse to financial markets.
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2/ The fact is they didn't have these investment opportunities. Why do they want to repatriate this money? So they can use the cash for buybacks and pay dividends to investors here in the US. This doesn't necessarily end up in investment in machinery or research. /END
End of conversation
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To buy back stock
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Trump’s business tax reform efforts may fall short, economists warn https://www.foxbusiness.com/politics/trumps-business-tax-reform-efforts-may-fall-short-economists-warn … "Even if U.S. companies brought back these profits as a result of the reduced corporate tax rate ... it wouldn’t provide the type of boost needed to significantly impact growth."
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Not only did u give the wealthy huge tax cuts, companies are using their tax breaks to buy back stocks in rcd numbers (instead of giving back to emps) & the same execs who got huge tax breaks r cashing in on the buy backs.
#mn03 & America deserve better.https://www.cnbc.com/2018/06/11/sec-official-clamp-down-on-officials-who-cash-in-on-stock-buybacks.html …Thanks. Twitter will use this to make your timeline better. UndoUndo
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The 2004 report was interesting. Remember the bubble bursting in 2006?https://www.cbpp.org/research/studies-shed-new-light-on-effects-of-administrations-tax-cuts …
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This is a complete lie - these comanpanies have taken their tax scam money, bought back stock for themselves, and then closed factories & stores, moving the jobs overseas. Stop lying to the US public.
#VoteThemOut#BlueWave2018https://www.google.com/amp/s/www.vox.com/platform/amp/policy-and-politics/2018/5/22/17350180/harley-davidson-tax-buyback-kansas-city-factory …Thanks. Twitter will use this to make your timeline better. UndoUndo
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#goptaxscam is reverse Robin Hood and horrible for our future.https://twitter.com/IndivisibleMN03/status/1005988512129257473?s=19 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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